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Redefining Boston Real Estate

LRG Boston Real Estate Blog

Boston luxury real estate as it happens

Posts Tagged ‘boston’

Boston Home Price Correction? Not according to Case Shiller

Thursday, May 27th, 2010

Boston CondosAll we hear about in conversations and the media is that home and condo prices are down across the board.  As brokers, we are constantly asked, “You guys must be hurting seeing the real estate market is down so much?”.  The short answer, home/condos sales, a huge segment of Boston proper real estate, is STRONG compared to many other regions of the country.  As a matter of fact, The Case Shiller Index, a leading indicator of home prices around the Country came out today and verified it. Where cities like Las Vegas(-12%), Seattle(-3.6%), Miami(-1.6%), Chicago(-2.3%), New York(-2.4%), were all down year over year, Boston was actually up 3.8%.

Although we do not have a crystal ball, Boston has proven to be one of the best cities, in the entire Country, to own real estate. Boston has one of the most diverse resident mixes in the entire world.  Just take a sampling from South Boston to Brookline and you will see the wonderful diversification Boston features. Rest assured, your hard earned money will be well spent when purchasing a town-home or condo in and around Boston.


Luxury Residential Group Sells 20 Brimmer Street

Monday, March 29th, 2010
Joshua A. Golden of Luxury Residential Group represented the buyer in the much publicized single family residence located at 20 Brimmer St in Beacon Hill, Boston, MA.  One of the nicest gut renovations of an existing single family home in Boston, 20 Brimmer was initially priced at $8,500,000+.  Unfortunately, while the home was under construction, and before its true beauty could come to fruition, the market turned.  Although the sale will be on public record, we feel it is best to protect all the parties involved and not publicize the final number.
 
We would like to mention a few of the parties involved in the sale:

Peter  and Elizabeth Georgantas (Developer/Seller) – Peter, a local real estate developer, well known for his works on 15+ single family home restorations, and the highly successful Modern building in The South End, was the seller and general contractor on the home at 20 Brimmer.  Peter and his wife Elizabeth, the quintessential professionals and masters of detail spared no expenses.  The smart home has it all: full audio and security automation, radiant heated flooring, central cooling, many green elements including an energy efficient roof, hardwoods throughout, imported marble in the master bathroom, elevator, state of the art kitchen and two deeded parking spaces. The home is flawless to say the least and Peter is responsible for every inch. We applaud them for a job well done. Please see another one of his masterpieces at 74 Beacon Street, asking $14,950,000.  Elizabeth and Peter will be running this years Boston Marathon to help raise money for cancer research at Dana Farber. Please visit their page —–> HERE <——

Tracy Campion and Brad Sprogis – Tracy and Brad represented the seller in this transaction. Two of the most professional, intelligent, well prepared people you will ever meet.  In a business that sometimes draws unethical and overly aggressive agents, Tracy and Brad stand in a class of their own for being true professionals. Luxury Residential Group would like to thank Brad and Tracy for all their hard work and efforts.

20 Brimmer Street – Beacon Hill, Boston, MA

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